UP RERA bench hears 300 cases on incomplete real estate projects
The Western bench of the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has so far heard 300 cases on incomplete real estate projects since its first hearing a fortnight ago. It now plans to appoint an adjudicating officer to decide on compensation matters and a reconciliation officer to resolve cases through amicable out-of-court settlements as in the case of MahaRERA, a senior UP RERA member told Media. “We have so far received 3,340 complaints pertaining to 722 projects in Uttar Pradesh. As many as 70 percent of projects are from Noida, Greater Noida and Ghaziabad. Majority of complaints are with regard to non-delivery of projects and commitment not met by builders. Homebuyers either want delivery of homes along with interest penalty or have given up hope and want their money back with interest,” says Balwinder Kumar, member UP RERA bench.
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